BMO agrees to offer Aurora Cannabis with C$200M Loan — the biggest when you look at the cannabis industry to date

BMO agrees to offer Aurora Cannabis with C$200M Loan — the biggest when you look at the cannabis industry to date

Bank of Montreal (BMO) is providing Aurora Cannabis Inc. with C$200 million ($150 million) with debt funding, marking the greatest loan yet become extended to the cannabis industry.

Your debt center is composed of a C$150-million term loan and a C$50-million revolving credit facility, both of that will grow in 2021.

By stepping into this financing cope with Aurora Cannabis, Bank of Montreal is cementing its place as the utmost aggressive among the list of banks that are major Canada. It may be recalled that in might, Bank of Montreal suggested Aurora Cannabis on its C$2.9-billion all-stock bid to get MedReleaf Corp. Read more